|
|
15 Mar 2011
TAX PROFESSIONALS HAVE called upon the government to set up a specialised unit to help MPs with tax policy technical support.
The Treasury select committee produced its report on the principles of tax policy and recommended that tax professionals should have a greater role in its formation.
Further reading
Vincent Oratore, the president of the Chartered Institute of Taxation, said that the committee's call for proper time for parliamentary scrutiny is "fully in line with the CIOT's thinking". He also welcomed "the call the Committee makes for a specialised unit to help MPs with tax technical support, something we have long felt is necessary".
However, he questioned the committee's suggested deadline of passing new legislation before the new tax year, adding it should not be at the expense of proper time to evaluate the measures.
Frank Haskew, head of ICAEW's tax faculty, said that more needs to be done to "ensure that Members of Parliament have the knowledge and understanding that will enable them to do this effectively. This is where ICAEW and the tax profession can do more to help".
You may also like
Search thousands of financial jobs:
Search thousands of financial jobs:
Careers
Search for jobs
Click to search our database of all the latest accountancy roles
Create a profile
Click to set up your profile and let the best recruiters find you
Jobs by email
Sign up to receive regular updates with the latest roles suitable for you
Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
Visitor comments Add your comment
Art of the possible!
Technical help and timely interchange with tax profession seems ideal. However, there is also need for efforts on OPERATIONAL understanding also: This is essential so that meeting our obligations under the system is possible - i.e. clear, unambiguous and practical for those running business and their lives!
This is the essence of the "Working Together" check - to ensure that HMRC, professional advisers and all tax payers can actually deliver.
Posted by: Susan Gompels, 16 Mar 2011 | 12:39